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    1672 Aeroplaza Dr Colorado Springs, CO 80916

    Sponsored
    For Sale
    $877,734

    1.55-acre commercial lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 1.55-acre commercial land parcel presents a unique investment opportunity in Colorado Springs' thriving airport submarket. Located at the northeast corner of Fountain Boulevard and Aeroplaza Drive, this property is zoned MX-M, allowing for a variety of commercial uses. The asking price is $877,734, translating to a land value of $13 per square foot. Utilities are conveniently located on-site, simplifying development plans. The strategic location offers excellent visibility and accessibility, situated just west of Powers Boulevard on the Highway 24 Bypass, ensuring high traffic volume and exposure. Adding to its appeal, construction is currently underway on an adjacent 140-unit apartment complex, promising increased foot traffic and a growing residential base for potential businesses. This property is ready for immediate development, offering a compelling opportunity to capitalize on the area's rapid growth and strong demand for commercial space. The address is 1672 Aeroplaza Dr, Colorado Springs, CO 80916, in El Paso County. This is a rare chance to acquire a prime commercial lot in a high-growth area.

    Property Features for 1672 Aeroplaza Dr

    General Information

    Property type
    Land
    Lot Size
    67,518 SF

    HighLights

    • Two retail pad sites, fully improved, at the northeast corner of Fountain Blvd and Aero Plaza Drive in the rapidly expanding airport submarket.
    • On‑site utilities available.
    • Conveniently located west of Powers Blvd on Highway 24 Bypass.
    • Adjacent 140‑unit apartment complex currently under construction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.7354718
    Latitude
    38.8085101

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    FAQs

    What type of property is this?
    Land - 1.55-acre commercial lot, ideal for development.
    Where is this land located?
    The property is located at 1672 Aeroplaza Dr Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $877,734.
    What are key features of this property?
    This property features: Two retail pad sites, fully improved, at the northeast corner of Fountain Blvd and Aero Plaza Drive in the rapidly expanding airport submarket.; On-site utilities available.; Conveniently located west of Powers Blvd on Highway 24 Bypass.
    (719) 577-0044
    Request Owner's contact information
    1672 Aeroplaza Dr Colorado Springs, CO 80916
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    Colorado Springs, CO 80916
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1672 Aeroplaza Dr Colorado Springs, CO 80916
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